Senior Sanctions Specialist

Job title:

Senior Sanctions Specialist

Company

DXC Technology

Job description

Job Description:Job Title: Senior Sanctions SpecialistType: Permanent, Full-time 37.5 hours per weekLocation: Remote Working – option to work in London offices with expenses reimbursedVelonetic represents the joint ventures between DXC Technology, the International Underwriting Association (IUA), and Lloyd’s of London. Previously referred to as the London Market Joint Ventures, we have been operating for over 20 years in the London market (Lloyd’s and Company), in both insurance and reinsurance business. Processing over £101 billion worth of premium and claims transactions today, we are building a new digital platform and services that will enable our customers to move transactions and money through the processing lifecycle with greater efficiency and speed, releasing time to drive innovation and focus on higher value activities.Job OverviewVelonetic are committed to complying with all economic sanction laws globally, including regulations of the United Kingdom, the United States, the European Union, and the United Nations, as well as applicable sanctions laws and regulations in the jurisdictions in which Velonetic operates. We have a comprehensive sanctions compliance programme in place to ensure that we meet this commitment and mitigate the risk to the organisation.We require a self-motivated and experienced senior compliance professional, who can provide sanctions advisory services to the business, detail final analysis on complex trade and asset freeze sanctions referrals and act as a sanctions SME. They should be able to interpret sanctions regulations and changes and understand their impact on Velonetic controls.What you will be doingKey Responsibilities

• Case assessment: support the Compliance Function at Velonetic in providing advice to the business in response to sanctions case referrals for claims and premium processing requests, in line with OFAC, OFSI, UN and EU sanctions. Provide clear detailed rationale and final analysis covering trade and asset freeze restrictions
• Support the Sanctions review team in Operations with queries to ensure a consistent sanctions approach, and lending sanctions expertise
• Process improvement: using London Market insurance knowledge, assist with driving improvements both within compliance and across operational teams for sanctions related processes, including updates to work instructions and controls as required
• Stakeholder Management: liaise with external and internal stakeholders on sanctions issues. Our customers are our external stakeholders, mainly staff at the brokers
• Incident Management: identify, escalate and assess, potential sanctions incidents, including root cause analysis as required
• Horizon Scanning: review all horizon scanning notifications, assess the impact for Velonetic and recommend appropriate changes / controls
• Sanctions initiatives and projects: undertake ad hoc activities as required

What We need from youEssential Skills/Qualifications

• 3-5 years knowledge of and experience with OFAC, OFSI, UN and EU sanctions laws and regulations, particularly as they relate to trade sanctions
• 3-5 years’ experience working in compliance or legal
• Ability to make final decisions on sanctions queries
• Ability to handle busy workload and work well under pressure
• Process design and analytical thinking. Attention to detail
• Must be able to work independently
• Flexible approach – able to adapt to team priorities and tasks as required

Desirable Skills/Qualifications

• Demonstrable London Market (Lloyd’s and Company) knowledge – products and processes
• Experience in insurance or banking
• Legal qualifications desired, not required
• Ability and experience working in a global organisation

Investment In Training and DevelopmentWe offer a comprehensive range of training and career development opportunities, a structured induction programme, tailored job training as well as mentoring and support for relevant sponsored professional qualifications. We’re developing an environment where people can grow and harness their careers and skills to be the best that they can be to focus on the long term.Our CultureHere at Velonetic we support with care and compassion. We are constantly evolving our initiatives around equality, diversity, and inclusion to ensure that everyone feels equally involved and supported in the workplace no matter of who they are or what they do. We are proud of the culture we are creating to ensure that our commitment is ongoing and have a diverse mix of employees working within an inclusive environment and culture to create a high performing workforce led by talented leaders. We aspire to be recognised for our innovative and modern thinking approach.Employee BenefitsAs part of our competitive remuneration package, flexible benefits are available. There is an option to “flex up and down” on specific benefits, for example buy or sell annual leave, Private Medical Benefit, Dental and Travel Insurance.You will also have access to ‘Perks at Work’, a discount store to purchase gift cards at reduced rates and get discounts on holidays, restaurants, activities, groceries and more.DXC Recruitment Team will be engaging with all candidate applications on behalf of Velonetic. DXC will be managing the recruitment throughout the onboarding process.Recruitment fraud is a scheme in which fictitious job opportunities are offered to job seekers typically through online services, such as false websites, or through unsolicited emails claiming to be from the company. These emails may request recipients to provide personal information or to make payments as part of their illegitimate recruiting process. DXC does not make offers of employment via social media networks and DXC never asks for any money or payments from applicants at any point in the recruitment process, nor ask a job seeker to purchase IT or other equipment on our behalf. More information on employment scams is available .

Expected salary

Location

United Kingdom

Job date

Thu, 13 Mar 2025 05:23:24 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (un-jobs.net) you saw this job posting.